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Recent Publications

BOK Working Paper BOK Working Paper No.2025-18, The Earned Income Tax Credit and the Tax-benefit Link of Public Pensions Author: Dongmin Chun(Bank of Korea) Over the life cycle, the labor market participation induced by the Earned Income Tax Credit (EITC) during working age increases not only current earnings but also pension benefits after retirement through the tax-benefit link of public pensions. Furthermore, if ... 2025.09.30
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Economic Analysis [Vol.31 No.3] TGIF: A Quasi-Experimental Analysis of Pre-Weekend Productivity Author: Yonggeun Jung(University of Florida) This paper investigates the pre-weekend decline in productivity by leveraging a unique quasi-experiment: the United Arab Emirates’ (UAE) 2022 weekend shift from Friday-Saturday to Saturday-Sunday. Using a difference-in-differences (DiD) framework, we an... 2025.09.30
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Korea Economic Outlook In-Depth Analysis [May 2025 In-depth Analysis] Impact of Super-Aging on the Monetary Policy Environment: Implications for Korea [May 2025 In-depth Analysis] Impact of Super-Aging on the Monetary Policy Environment: Implications for Korea 2025.07.30
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BOK Working Paper BOK Working Paper No.2025-17, Dollar Dominance and International Spillovers of US Financial Shocks Author: Minkyu Son(Bank of Korea) This paper investigates how the global dominance of the US dollar amplifies the cross-border transmission of financial shocks originating in the United States. I develop a small open economy DSGE model that embeds the dollar’s central role in international trade an... 2025.09.15
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